PEX vs. TYD

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Global Listed Private Equity ETF (PEX) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD).

PEX and TYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEX is a passively managed fund by ProShares that tracks the performance of the LPX Direct Listed Private Equity Index. It was launched on Feb 26, 2013. TYD is a passively managed fund by Direxion that tracks the performance of the NYSE 7-10 Year Treasury Bond Index. It was launched on Apr 16, 2009. Both PEX and TYD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PEX vs. TYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Global Listed Private Equity ETF (PEX) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). The values are adjusted to include any dividend payments, if applicable.

PEX vs. TYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEX ProShares Global Listed Private Equity ETF	-13.96%	0.21%	13.05%	23.11%	-25.98%	28.34%	-1.14%	25.53%	-13.31%	14.33%
TYD Direxion Daily 7-10 Year Treasury Bull 3X	-3.07%	11.68%	-13.89%	-2.87%	-43.32%	-11.36%	27.62%	17.88%	0.76%	5.64%

Returns By Period

In the year-to-date period, PEX achieves a -13.96% return, which is significantly lower than TYD's -3.07% return. Over the past 10 years, PEX has outperformed TYD with an annualized return of 4.38%, while TYD has yielded a comparatively lower -4.44% annualized return.

PEX

• 1D: 2.67%
• 1M: -6.84%
• YTD: -13.96%
• 6M: -15.90%
• 1Y: -12.72%
• 3Y*: 4.51%
• 5Y*: 0.04%
• 10Y*: 4.38%

TYD

• 1D: 0.45%
• 1M: -7.75%
• YTD: -3.07%
• 6M: -3.16%
• 1Y: -0.42%
• 3Y*: -5.91%
• 5Y*: -11.66%
• 10Y*: -4.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PEX vs. TYD - Expense Ratio Comparison

PEX has a 3.13% expense ratio, which is higher than TYD's 1.09% expense ratio.

PEX

ProShares Global Listed Private Equity ETF

TYD

Direxion Daily 7-10 Year Treasury Bull 3X

Return for Risk

PEX vs. TYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PEX

PEX Risk / Return Rank: 2
PEX Sharpe Ratio Rank: 2
PEX Sortino Ratio Rank: 2
PEX Omega Ratio Rank: 2
PEX Calmar Ratio Rank: 3
PEX Martin Ratio Rank: 2

TYD

TYD Risk / Return Rank: 12
TYD Sharpe Ratio Rank: 12
TYD Sortino Ratio Rank: 11
TYD Omega Ratio Rank: 11
TYD Calmar Ratio Rank: 13
TYD Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PEX vs. TYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Global Listed Private Equity ETF (PEX) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PEX	TYD	Difference
Sharpe ratio Return per unit of total volatility	-0.68	-0.03	-0.65
Sortino ratio Return per unit of downside risk	-0.87	0.08	-0.94
Omega ratio Gain probability vs. loss probability	0.89	1.01	-0.12
Calmar ratio Return relative to maximum drawdown	-0.54	0.04	-0.59
Martin ratio Return relative to average drawdown	-1.39	0.09	-1.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEX vs. TYD - Sharpe Ratio Comparison

The current PEX Sharpe Ratio is -0.68, which is lower than the TYD Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of PEX and TYD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PEX	TYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.68	-0.03	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	-0.51	+0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	-0.22	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.06	+0.19

Correlation

The correlation between PEX and TYD is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

PEX vs. TYD - Dividend Comparison

PEX's dividend yield for the trailing twelve months is around 13.04%, more than TYD's 3.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEX ProShares Global Listed Private Equity ETF	13.04%	12.80%	14.11%	13.02%	1.77%	13.64%	5.52%	7.94%	4.72%	24.26%	3.24%	12.50%
TYD Direxion Daily 7-10 Year Treasury Bull 3X	3.12%	2.97%	3.10%	2.71%	0.55%	0.00%	9.80%	0.92%	1.10%	0.01%	6.84%	1.65%

Drawdowns

PEX vs. TYD - Drawdown Comparison

The maximum PEX drawdown since its inception was -49.17%, smaller than the maximum TYD drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for PEX and TYD.

Drawdown Indicators

	PEX	TYD	Difference
Max Drawdown Largest peak-to-trough decline	-49.17%	-64.28%	+15.11%
Max Drawdown (1Y) Largest decline over 1 year	-24.72%	-10.99%	-13.73%
Max Drawdown (5Y) Largest decline over 5 years	-36.58%	-59.84%	+23.26%
Max Drawdown (10Y) Largest decline over 10 years	-49.17%	-64.28%	+15.11%
Current Drawdown Current decline from peak	-22.24%	-57.87%	+35.63%
Average Drawdown Average peak-to-trough decline	-8.08%	-21.57%	+13.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.64%	5.18%	+4.46%

Volatility

PEX vs. TYD - Volatility Comparison

ProShares Global Listed Private Equity ETF (PEX) has a higher volatility of 6.62% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 5.53%. This indicates that PEX's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEX	TYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	5.53%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	11.91%	9.59%	+2.32%
Volatility (1Y) Calculated over the trailing 1-year period	18.91%	16.22%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	22.96%	-5.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.38%	20.47%	-1.09%